Bitcoin BTC$76,283.35 traded above $76,000 after a short-lived break of support, where it tested $74,000, highlighting the delicate balance between declining buyers and forced sellers in a market still short of “depth.” (CoinDesk) This rapid V-shaped movement stems from order book dynamics where liquidity has dried up, allowing buy/sell transactions to have an outsized impact […]
“This is absolutely INSANE.” Although the comment came from a social media post, the painful knee-jerk reaction will likely reverberate across the board for anyone even remotely interested in crypto, as bitcoin just plunged to nearly $77,000 on Saturday and has held there since. The price of the largest digital asset has not only stumbled;
Here’s what happened and what’s next Read More »
Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed overview of US markets, see Crypto Daybook Americas from CoinDesk. Bitcoin’s latest slide revealed a familiar pattern in crypto
Strategy (MSTR) Executive Chairman Michael Saylor reported that the largest publicly traded Bitcoin holder BTC$77,285.14 bought more of the largest cryptocurrency over the past week. “No more Orange,” Saylor wrote in an article Sunday morning. For months, Saylor has typically previewed Strategy’s bitcoin purchases with a weekend post referencing orange dots, a signal that is
Michael Saylor Hints at Another Bitcoin Buy Despite Market Turbulence Read More »
Johnny Ng is not interested in zero-sum crypto politics. While regulators in Washington, Beijing and elsewhere in Asia chart their own course for digital assets, Hong Kong lawmakers are focused on something else: creating connective tissue between markets, technologies and jurisdictions that rarely move in sync. Representing the tech sector in Hong Kong’s Legislative Council
Hong Kong positions itself as global crypto connector, says lawmaker Johnny Ng Read More »
Bitcoin’s price fell sharply over the weekend, slipping below $78,000 – its lowest level since April – as profit-taking was met with dwindling liquidity and a scarcity of new buyers. Traders told CoinDesk that a rally once supported by corporate demand, particularly Strategy (MSTR) bitcoin purchases, has run out of steam, leaving markets vulnerable to
Bitcoin’s ‘hope’ for bulls is over and this weekend’s drop may be just the beginning Read More »
Senator Elizabeth Warren is calling for congressional hearings after a new report revealed that the United Arab Emirates’ top intelligence official secretly took a nearly 50% stake in a Trump-era crypto company. According to a Wall Street Journal investigation, an entity backed by Sheikh Tahnoon bin Zayed Al Nahyan – the UAE’s national security adviser
Elizabeth Warren Sounds Alarm on Trump’s ‘Sheikh Spy’ Crypto Deal Read More »
Despite the rocky start to crypto policymaking this year, it appears at the moment that US policymakers are making progress on the legislative and regulatory fronts. The White House begins new discussions on stablecoin performance with representatives from the banking and crypto industries. You’re reading State of Crypto, a CoinDesk newsletter that examines the intersection
Indices of Progress: State of Cryptography Read More »
Bitcoin BTC$77,317.26 suffers from an identity crisis that has nothing to do with fundamentals but rather a shortened attention span. While gold rose more than 12% and the S&P 500 rose over the past 30 days, bitcoin slipped more than 10% in a market that appeared to present no reason to shock the largest cryptocurrency.
Bitcoin BTC$77,296.23 The price drop has changed the mood of the market, with bets on this subject sliding even more now, just as hot as Moonshot plays over $100,000. The top cryptocurrency by market value fell nearly 10% this week, hitting a nine-month low below $78,000, according to CoinDesk data. Falling prices are sending traders
BTC Bets Slip Below $75,000 Are Now As Hot As These $100,000 Games Read More »
